tag:blogger.com,1999:blog-20358187.post2164123358731711536..comments2015-02-08T22:03:19.396-05:00Comments on Far and Wide: The Flaherty Magic ReturnsSteve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-20358187.post-65584066304880647772008-07-25T22:34:00.000-04:002008-07-25T22:34:00.000-04:00Are the stars starting to align for the Libs? I am...Are the stars starting to align for the Libs? I am starting to get optimistic, or am I putting on the jinx? <BR/><BR/>Funny thing about cutting taxes (and basically doing nothing else...oh i forgot, the Cons are getting tough on crime) in order to bribe voters, its hard to bring in any revenue to like pay for things you know:P <BR/><BR/>I do not care what political stripe you are this government has been an absolute disaster for this country. How do you manage to squander a 13 billion dollar surplus in two years! It's shameful! Giving Flaherty the finance job, is like giving an unlimited credit card to a teenager.liberazzihttp://www.blogger.com/profile/14798202757576009552noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-30156083387288704062008-07-25T19:48:00.000-04:002008-07-25T19:48:00.000-04:00ottlib, too bad they don't have a highway to sell....ottlib, too bad they don't have a highway to sell.<BR/><BR/>oldschool, you've now shown us that you don't have a grip on what is really happening. On second thought I guess you do and you just see the destruction as a gas, to use old school language.<BR/><BR/>Gawd, I hope this isn't a neighbor, but he could be yours!knbhttp://www.blogger.com/profile/04291881352139075405noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-91232120690356019212008-07-25T18:45:00.000-04:002008-07-25T18:45:00.000-04:00With this crew no.None of their funding announceme...With this crew no.<BR/><BR/>None of their funding announcements have been new money anyways. They are only re-announcing old announcements.<BR/><BR/>As well, they have Jim Flaherty as Finance Minister. He was able to hiding a deficit in Ontario so until after an election so he has plenty of practice to do the same thing federally.ottlibhttp://www.blogger.com/profile/12695135535019042279noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-51833288050514699162008-07-25T18:33:00.000-04:002008-07-25T18:33:00.000-04:00You have a point ottlib, but doesn't this preclude...You have a point ottlib, but doesn't this preclude them from spending the rest of the summer making funding announcements?<BR/><BR/>That seemed to be their counter to Dion's Green Shift tour.knbhttp://www.blogger.com/profile/04291881352139075405noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-83003383416338409722008-07-25T18:20:00.000-04:002008-07-25T18:20:00.000-04:00In all fairness, to claim the government is destin...In all fairness, to claim the government is destined to run a deficit based on part of one quarter is jumping the gun a bit.<BR/><BR/>However, the fact that we are even talking about the possibility is still pretty significant. Just two years ago the Canadian government was awash in cash.<BR/><BR/>The federal budget is being kept afloat by tax money from the energy sector. If it begins to suffer a decline, even a mild one, then the federal budget will inevitably go into deficit.<BR/><BR/>The recent auction of bandwidth will allow the government to make up any shortfall this year but not next year. Which is fine with the Conservatives because they only need to show a balanced budget until after the next election.ottlibhttp://www.blogger.com/profile/12695135535019042279noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-30596363052567834822008-07-25T17:31:00.000-04:002008-07-25T17:31:00.000-04:00From what I read yesterday the Ontario spending an...From what I read yesterday the Ontario spending anouncements were their share of the gas tax rebate to the provences the Liberals started and Harper reworked. Nothing new unless they failed to put it in the last budget.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20358187.post-55277907831284973022008-07-25T15:38:00.000-04:002008-07-25T15:38:00.000-04:00I'm going to repost what I wrote somewhere else be...I'm going to repost what I wrote somewhere else because i'm lazy and it is a beautiful day out there.<BR/><BR/><I>I guess this deficit is what PM Harper was musing about when he pledged to place limits on the federal spending power. Promise made, promise kept, I suppose.</I><BR/><BR/>That's how them crazy Cons make smaller governments... increase spending, cut taxes, and then claim Canada is in a finincial crisis and that they must cut spending on our social programs to <B>balance the budget</B>.Blues Clairhttp://www.blogger.com/profile/08053624911945551511noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-30893471676229273592008-07-25T14:37:00.000-04:002008-07-25T14:37:00.000-04:00Thanks.Well this forecast for GST revenues doesn't...Thanks.<BR/><BR/>Well this forecast for GST revenues doesn't resemble reality:<BR/><BR/>GST revenues are projected to decline further, by 10.2 per cent in 2008–09, the first full fiscal year under the lower 5-per-cent rate. <BR/><BR/>They've already declined at double the projected rate, so even if we see a rebound, Flaherty will likely miss this target, and he didn't leave much fiscal room to begin with.<BR/><BR/>Flaherty is already out front today saying everything is according to plan, which means he might have to do what joseph suggests to keep out of deficit.Steve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-8156675252559766162008-07-25T14:24:00.000-04:002008-07-25T14:24:00.000-04:00I'm not sure why that link didn't work before but ...I'm not sure why that link didn't work before but here's the location not hyperlinked.<BR/><BR/>http://www.budget.gc.ca/2008/plan/chap5-eng.aspBaileyhttp://www.blogger.com/profile/12423615329119443537noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-327995504809864472008-07-25T14:11:00.000-04:002008-07-25T14:11:00.000-04:00How does the sell off a government assets, i.e. bu...How does the sell off a government assets, i.e. buildings play into this.<BR/><BR/>You know, those peachy deals that turn the government into renters by selling off some of their most valuable assets.<BR/><BR/>Are those sales factored into this budget deficit? If so, then even the smoke and mirror accounting is catching up to them.Josephhttp://www.blogger.com/profile/12490018102705793701noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-36517022056738839642008-07-25T13:34:00.000-04:002008-07-25T13:34:00.000-04:00Indeed Steve. I'm surprised that Flaherty hasn't ...Indeed Steve. I'm surprised that Flaherty hasn't been before a mic yet.knbhttp://www.blogger.com/profile/04291881352139075405noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-48166645673100150222008-07-25T13:31:00.000-04:002008-07-25T13:31:00.000-04:00baileyThat link doesn't work. So, this is new rev...bailey<BR/><BR/>That link doesn't work. So, this is new revenue, outside of the budget projections? Another point, isn't the government currently receiving more money from oil prices then they assumed at the time?Steve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-31566116496577261462008-07-25T13:29:00.000-04:002008-07-25T13:29:00.000-04:00knbWhatever the specifics, I'm sure the Cons will ...knb<BR/><BR/>Whatever the specifics, I'm sure the Cons will do everything in their power to present a manufactured surplus ultimately, even if one doesn't exist. Flaherty is a master at this :)Steve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-32672421519161873542008-07-25T13:26:00.000-04:002008-07-25T13:26:00.000-04:00No, the auction money was double what the original...No, the auction money was double what the original estimates were or as some people write it, the estimates were half of what the final total was. <BR/><BR/>A quick glance <A HREF="void(0);" REL="nofollow">here</A> makes it look like it wasn't in the original budget calculations.Baileyhttp://www.blogger.com/profile/12423615329119443537noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-3623382790030977272008-07-25T13:25:00.000-04:002008-07-25T13:25:00.000-04:00I'm not sure Steve, I can't remember.Is the infras...I'm not sure Steve, I can't remember.<BR/><BR/>Is the infrastructure money new? I thought it had been accounted for but the details not worked out until now.<BR/><BR/>Geesh, now I'm confused.knbhttp://www.blogger.com/profile/04291881352139075405noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-44999131023728675512008-07-25T13:24:00.000-04:002008-07-25T13:24:00.000-04:00Steve...Amazing how I expected that answer from yo...Steve...<BR/><BR/>Amazing how I expected that answer from you. Consistency for sure ;)<BR/><BR/>Seriously though, i'm not laying all the blame at the Liberals feet because, as the saying goes, it takes two to tango, but i'm not willing to give the Liberals a pass for their hand in this just because Flaherty is an incompetant boob.northwestern_ladhttp://www.blogger.com/profile/16833632861345350726noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-4287145502580886782008-07-25T13:21:00.000-04:002008-07-25T13:21:00.000-04:00camWow. Amazing how everything the government doe...cam<BR/><BR/>Wow. Amazing how everything the government does leads back to the Liberals. Consistent anyways ;)Steve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-62185362062985452592008-07-25T13:20:00.000-04:002008-07-25T13:20:00.000-04:00knbSo, was that auction factored into the budget c...knb<BR/><BR/>So, was that auction factored into the budget calculations? And, it would seem to me, the Cons just blew that on the infastructure announcement, which I think is new money.Steve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-31923518354625573512008-07-25T13:19:00.000-04:002008-07-25T13:19:00.000-04:00ummm... not to be a pain or anything, but who exac...ummm... not to be a pain or anything, but who exactly allowed those bad tax cuts and such pass which allowed this government to slip into deficit??? Just saying.<BR/><BR/>Flaherty is just as bad at this job as he was in Ontario, but letting him continue to do knowing his past doesn't look so good on the Liberals either.northwestern_ladhttp://www.blogger.com/profile/16833632861345350726noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-16965946466329060892008-07-25T13:09:00.000-04:002008-07-25T13:09:00.000-04:00Groundhog day is right!About the auction proceeds,...Groundhog day is right!<BR/><BR/>About the auction proceeds, if memory serves they only expected 1/2 of what it came to.<BR/><BR/>Gee, they can't run on the environment, the economy or crime with any credibility. What's left?knbhttp://www.blogger.com/profile/04291881352139075405noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-66414906118646665342008-07-25T12:57:00.000-04:002008-07-25T12:57:00.000-04:00bigcitylib:"Harris and Flaherty gaves Ontario 10 y...bigcitylib:<BR/>"Harris and Flaherty gaves Ontario 10 years of turmoil and nothing to show for it at the end."<BR/><BR/>Don't you have a Subway that goes nowhere?JimmEhttp://www.blogger.com/profile/03703715618040666970noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-72252138938538106512008-07-25T12:38:00.001-04:002008-07-25T12:38:00.001-04:00Flaherty's Ontario surplus went kerflooey went the...Flaherty's Ontario surplus went kerflooey went the economy went the slightest bit soft. That's why we've had two terms of Dalton. Harris and Flaherty gaves Ontario 10 years of turmoil and nothing to show for it at the end.bigcitylibhttp://www.blogger.com/profile/05081538803991095825noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-78592107684478297932008-07-25T12:38:00.000-04:002008-07-25T12:38:00.000-04:00Good point, but that wasn't part of the government...Good point, but that wasn't part of the government's surplus projections.<BR/><BR/>I was wondering why Harper was waiting until Friday to announce the by-elections. Now, I think I've found my answer.Steve Vhttp://www.blogger.com/profile/04871113039374739208noreply@blogger.comtag:blogger.com,1999:blog-20358187.post-92002283958636504172008-07-25T12:33:00.000-04:002008-07-25T12:33:00.000-04:00Yes, but in June and July of this year they should...Yes, but in June and July of this year they should have a surplus from the wireless auction. So that's definitely something to keep an eye one if they do or not.Baileyhttp://www.blogger.com/profile/12423615329119443537noreply@blogger.com